Kenon Holdings Ltd. (NYSE:KEN) Short Interest Down 20.9% in January

Kenon Holdings Ltd. (NYSE:KEN) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 18,900 shares, a decline of 20.9% from the December 31st total of 23,900 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 10,600 shares, the short-interest ratio is currently 1.8 days.

Kenon Price Performance

Shares of Kenon stock traded up $0.19 during trading on Thursday, reaching $30.85. 6,633 shares of the company’s stock were exchanged, compared to its average volume of 14,239. The firm’s 50-day moving average price is $31.09 and its 200 day moving average price is $27.92. The company has a market cap of $1.66 billion, a P/E ratio of 9.64 and a beta of 1.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78. Kenon has a 1-year low of $19.63 and a 1-year high of $34.33.

Kenon (NYSE:KEN) last posted its earnings results on Thursday, December 5th. The utilities provider reported $0.81 EPS for the quarter. Kenon had a net margin of 22.88% and a return on equity of 2.93%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KEN. Y.D. More Investments Ltd increased its position in shares of Kenon by 2.8% during the fourth quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider’s stock worth $6,885,000 after buying an additional 5,705 shares during the period. Redhawk Wealth Advisors Inc. bought a new stake in Kenon in the fourth quarter worth approximately $746,000. CWA Asset Management Group LLC boosted its holdings in shares of Kenon by 25.7% during the 4th quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider’s stock worth $771,000 after buying an additional 4,632 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Kenon during the 3rd quarter worth approximately $1,136,000. Finally, Barclays PLC increased its stake in shares of Kenon by 4,233.3% in the 3rd quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock valued at $127,000 after acquiring an additional 4,445 shares in the last quarter. 13.38% of the stock is owned by institutional investors.

Kenon Company Profile

Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.